🔍 Current State Findings on AI Adoption from Retool's 2024 State of AI Report: Highest Adaption might be suprising: Tech companies are leading as expected, but guess what? Financial institutions are hot on their heels! Tech Orgs have always been used to innovate & keep up with fast pacing environments, but why Finance? They’re using AI for everything from fraud detection to enhancing customer experiences with a clear focus on ROI Operational Excellence: AI is supercharging operations, risk management, and marketing. 43% of finance pros report boosted efficiency, while 42% say it’s giving them a competitive edge Future-Ready Investments: A whopping 97% of financial institutions plan to ramp up their AI investments. They’re all in on optimizing AI workflows and infrastructure. As the infrastructure is already highly available, the investments now needs to focus on the people for ideation, realization and innovation. These findings show that AI isn’t just the future; it’s happening now across all sectors and it takes leaders to enable this transition. Are you ready to ride the AI wave? #AI #Innovation #TechTrends #FutureOfWork #AIinFinance #Investinpeople
We surveyed 700+ developers, product teams, and tech leaders to understand their real-life AI use cases, most common pain points *now*, and the evolving AI stack. Read all about it in our newest State of AI report: https://lnkd.in/eSaPPmkH